When it comes to money, awareness is key. As the year comes to a close, it’s a good time to take a look at your finances and ensure you’re setting yourself up for success in 2024. To help you navigate the process, we’ve compiled an end-of-year checklist to assist you in reaching your goals faster.
Order a Credit Report
Your credit score is one of the most important grades you’ll ever get, so staying on top of changes in your score is a smart money move. Order your free report from AnnualCreditReport.com and carefully review it for any transactions, personal information, accounts, or credit inquiries that look unfamiliar or incorrect. You can dispute errors with the credit agency and request an adjusted report. Once you’re sure of your score, you can celebrate your hard work paying off or get to work improving it!
Offload Unnecessary Expenses
Looking over the past two months of your account statements may not be fun, but it’s a necessary chore at the end of the year. And you may be surprised by what you find. When did you sign up for more streaming services than you need? Why are you still paying for a gym membership you never used? Highlight those sneaky charges that seem to slip by unnoticed and take time to contact providers for cancellation.
Reconsider Your Debt Strategy
Circumstances change over the course of a year, and your debt-repayment strategy should reflect that. If you earned a raise, got a side hustle, or your credit score decreased, consider implementing a more aggressive repayment plan. If inflation or a job loss limits your ability to pay down debt, talk to DEXSTA about consolidating your debt through refinancing.
No matter your situation, the year’s end offers an ideal moment to reorient your financial strategy based on the new factors in your life.
Prepare for 2024 With DEXSTA’S End-of-Year Checklist
A new year presents a new opportunity to tackle debt, improve your credit score, and save for the future. So why not choose a bank that facilitates those goals? At DEXSTA Federal Credit Union, we don’t charge unnecessary fees. Plus, our members enjoy fair loan rates with flexible terms, free financial literacy courses, and more! Visit us online and become a member today!